Wood Markets News


Construction Time on Multifamily Buildings, from Authorization to Completion, Expands Again in 2019 US Census Bureau Survey

According to the U.S. Census Bureau’s 2019 Survey of Construction (SOC), the ongoing shortage of skilled labor and ever expanding regulatory challenges, some of which are in place to slow the spread of the coronavirus has pushed the average length of time to complete the construction of a multifamily from obtaining local authorization to completion to an average of 17.3 months.